Dangote strategises for Arsenal take over

Aliko Dangote


By Tunji Faleye with additional report from Bloomberg

Nigerian billionaire Aliko Dangote is strategising to buy Arsenal Football Club. 

In his interview with Bloomberg Television in New York on Wednesday, Dangote said that he would plan for four years to buy Arsenal at the right price.

“May be three to four years. The issue is that we have more challenging headwinds. I need to get those out the way first and start having tailwinds. Then I’ll focus on this,” he said.

Aliko Dangote is a cement and commodities tycoon, who’s is valued at $10.9 billion according to the Bloomberg Billionaires Index.

Dangote originally attempted to buy Arsenal back in 2010, however that bid never came to fruition.

In May 2015, Bloomberg spoke with Dangote about the Gunners, and he said the following:

I still hope, one day at the right price, that I’ll buy the team. I might buy it, not at a ridiculous price but a price that the owners won’t want to resist. I know my strategy.

American billionaire Stan Kroenke is currently the controlling shareholder at Arsenal with a 67% stake in the club.

Red & White Sec Ltd., controlled by Uzbek billionaire Alisher Usmanov and Farhad Moshiri, are the second biggest shareholders with 30% of the Gunners.

Leave your comment.
Share on Google Plus
    Blogger Comment
    Facebook Comment